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Exponent (EXPO)
NASDAQ:EXPO
Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.57Last Year’s EPS
0.52Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive outlook: Exponent delivered a strong Q4 with revenue and EBITDA improvement, solid cash generation, aggressive capital returns, and clear demand tailwinds driven by AI, electrification and energy infrastructure work. Offsetting items include modest full-year margin compression, a small decline in FY net income, higher operating expenses (notably one-time meeting and lease items), softer Environmental & Health Q4 results and elevated year-end DSOs. Management provided constructive 2026 guidance (high-single-digit revenue growth, slight margin expansion, FTE growth and utilization targets), indicating confidence in continued recovery and secular growth drivers.Company Guidance
Fourth Quarter Revenue Growth (Reported and Adjusted)
Total revenues increased 8% year-over-year to $147.4M in Q4 2025; net revenues (revenues before reimbursements) rose 5% to $129.4M. Management noted the quarter included a one-week headwind (~7% to Q4 revenues, ~1.3% to year), with net revenues adjusting to low double-digit growth if normalized for the shorter period.
Profitability and EBITDA Expansion in Q4
Q4 net income was $24.8M ($0.49 diluted EPS) versus $23.6M ($0.46) a year ago. Q4 EBITDA increased to $34.7M with an EBITDA margin of 26.8% of net revenues (up from 25.2% in Q4 2024).
Strong Operational Metrics and Price Realization
Realized rate increases were approximately 5% in Q4 and about 5% for the full year. Average technical full-time equivalent employees rose 5% in Q4 to 992, supporting capacity and future revenue; Q4 utilization improved slightly to 69% from 68% year-over-year (full-year utilization guidance targeted higher).
Diversified Demand: Proactive and Reactive Engagements
Proactive engagements grew (notably user research in consumer electronics and risk/asset integrity services for utilities). Reactive services expanded with failure analysis and dispute-related work across energy, construction, transportation and life sciences, including increased battery/electrification and data center failure analysis engagements.
Segment Strength — Engineering & Other Scientific
Engineering & other scientific segment (85% of Q4 net revenues) grew net revenues 7% in Q4 and 4% for the full year, driven by utilities risk management, medical device regulatory support, consumer electronics user research and disputes work.
Strong Cash Generation and Capital Returns
Generated $131.7M from operations in 2025. Year-to-date distributions included $61.5M in dividends and $97.8M of share repurchases (average repurchase price $72.22). Year-end cash and cash equivalents stood at $221.9M.
Positive Outlook and 2026 Guidance
Company expects net revenues to grow in the high single digits for Q1 and full-year 2026. EBITDA margin guidance: Q1 27.5%–28.5%; FY 27.6%–28.1% (vs. FY 2025 27.6%). Management expects average technical FTEs to increase ~4% in Q1 and 4%–5% for FY26 and utilization to trend toward mid-70s long-term.
AI Tailwinds and Strategic Differentiation
Management emphasized durable, AI-driven demand across consumer electronics, transportation, energy and life sciences. Company is leveraging AI internally to improve efficiency while positioning PhD-level multidisciplinary expertise to address complex, high-stakes physical-system failures — a competitive differentiator.
EXPO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
EXPO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $70.83 | ― | ― |
Jul 31, 2025 | $68.40 | $67.77 | -0.91% |
May 01, 2025 | $76.89 | $75.86 | -1.34% |
Feb 06, 2025 | $88.42 | $89.48 | +1.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Exponent (EXPO) report earnings?
Exponent (EXPO) is schdueled to report earning on Apr 23, 2026, After Close (Confirmed).
What is Exponent (EXPO) earnings time?
Exponent (EXPO) earnings time is at Apr 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EXPO EPS forecast?
EXPO EPS forecast for the fiscal quarter 2026 (Q1) is 0.57.